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Reddit, the self-anointed 'front page of the internet,' soars in Wall Street debut
NEW YORK (AP) — Reddit's stock soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.
Mar 21, 2024 4:39 PM
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S&P/TSX composite ekes out new record closing high, U.S. markets also set new records
TORONTO — Canada's main stock index rose Thursday to scrape out a new all-time closing high, while U.S. markets continued to set their own records. The S&P/TSX composite index closed up 41.55 points at 22,087.26. Its previous record was 22,087.
Mar 21, 2024 4:39 PM
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RBC to close 25 HSBC locations, convert others once takeover closes next week
TORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week.
Mar 21, 2024 4:07 PM
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Micro-apartments are back after nearly a century, as need for affordable housing soars
SEATTLE (AP) — Every part of Barbara Peraza-Garcia and her family’s single-room apartment in Seattle has a double or even triple purpose.
Mar 21, 2024 1:30 PM
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US sues Apple, alleging it illegally monopolized the smartphone market
WASHINGTON (AP) — The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple , accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation and keeps prices arti
Mar 21, 2024 1:23 PM
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The UN adopts a resolution backing efforts to ensure artificial intelligence is safe
UNITED NATIONS (AP) — The General Assembly approved the first United Nations resolution on artificial intelligence Thursday, giving global support to an international effort to ensure the powerful new technology benefits all nations, respects human r
Mar 21, 2024 1:21 PM
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Businesses worried about ESG fraud as stakeholder pressure mounts: KPMG poll
TORONTO — Businesses are increasingly concerned about ESG fraud, which is when a company's environmental, social and governance efforts or data are exaggerated, embellished or distorted.
Mar 21, 2024 11:54 AM
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More Canadians have poor mental health. The economy is partly to blame, survey says
The double whammy of the COVID-19 pandemic and economic stressors is taking a toll on the mental health of Canadian adults, according to new data released by the Canadian Institute for Health Information on Thursday.
Mar 21, 2024 11:05 AM
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February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market
LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in January from the previous month to the strongest pace in a year with homebuyers encouraged by a modest pullback in mortgage rates and more properties on the market.
Mar 21, 2024 10:15 AM
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BoC expects quantitative tightening to end in 2025, deputy governor says
OTTAWA — The Bank of Canada expects quantitative tightening to end sometime in 2025, deputy governor Toni Gravelle said in a speech Thursday about how the central bank plans to manage its balance sheet.
Mar 21, 2024 10:13 AM
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